Daily Reminder: Cryptocurrencies Are Ponzi Scheme

>>2806737
OP does not understand what a ponzi scheme is

>>2806737
6.Sataoshi nakamoto is DARPA.
7.The mining pools are run by the nsa with asic backdoors etc to crack the difficult hashes/passwords.

>>2806737
By your definition stocks would be a ponzi scheme too, except without the shilling part.

>>2806773
No, stocks are not because stocks are based on legitimate businesses which are trying to create real value for humanity. Cryptocurrencies are energy suckers which provide no value but delusional bubbles.

>>2806737

What is ssi?

>>2806791
What about assets like siacoin then retard

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>>2806952
>OP right now

>>2806773
>>>2806737 (OP)
>By your definition stocks would be a ponzi scheme too, except without the shilling part.

you don't understand what a ponzi scheme is.

here's a short lesson for you:-

a healthy business:-
1) a business raises capital through placing debt or equity (in simple terms for you)
2) this capital has a cost to the business
3) a healthy business will generate a return higher than the cost of capital through its operations
4) in the event of a run on the debt or equity, the business still functions and share buy backs through cash generated by operations are accretive

a ponzi scheme:-
1) price per unit swells due to new money coming in
2) in the event of a run of withdrawals the house of cards comes smashing down and everything goes to zero, hits the floor, everybody do the dinosaur.

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>>2808268
Wouldn't a ponzi scheme be promising to make you money at say 10%, but the only way to pay is to get more investors, because they aren't actually investing the money?

A coin like bitcoin is just worth money because I will pay you $2100 for it, it's not even close to a ponzi, not sure about other coins though.

OP doesn't realize that all financial instruments are fundamentally "ponzi schemes" as they are built on and rely on the human trust factor.

Gold, USD, stocks, debts, bonds, art/collectibles, crypto are all ponzi schemes. Some only run longer than others, but at the end of any financial instrument "run," they're are always bag holders.

ITT: faggot OP who thinks hes smart.

>>2808582
>>>2808268 (You)
>Wouldn't a ponzi scheme be promising to make you money at say 10%, but the only way to pay is to get more investors, because they aren't actually investing the money?

correct, and you just described crypto currencies.


>A coin like bitcoin is just worth money because I will pay you $2100 for it, it's not even close to a ponzi, not sure about other coins though.

Bernie Madoff's fund also quoted a price per unit that investors were willing to pay.

>>2808602
>>Wouldn't a ponzi scheme be promising to make you money at say 10%, but the only way to pay is to get more investors, because they aren't actually investing the money?
No. They only sell you the notion that it is a good investment and that you will make money. Some ponzi's may promise fixed payments, etc.

But the matter of fact is, there are no financial instruments (not even precious metals) with inherent value as it is all built on human trust. Note, precious metals have *some* value in their scientific and industrial uses but not their in their capital form.

One can argue that Gold and precious metals are the longest running ponzi schemes. :)